TrustMeSecurity.com

MONCTON, NB - Minister of Business New Brunswick the Hon. Greg Byrne announced today that the government would be investing in job creation at Moncton based IT startup TrustMe Security, formerly known as VE Networks.

“Business New Brunswick is pleased to partner with TrustMe Security as they develop and market world class security products,” said Byrne. “TrustMe has grown quickly since setting up shop in the province in 2005. This assistance will allow the company to create more highly skilled jobs in New Brunswick and serve as an example to the IT industry that we’re open for business.”

Under the terms of the agreement the Government of New Brunswick will contribute a $1 million loan guarantee to stimulate the creation of over fifty jobs at the Moncton headquartered enterprise with satellite offices in Fredericton and Saint John.

“The province’s investment in the future of New Brunswick’s IT industry is well spent,” stated Elisabeth Rybak, TrustMe co-CEO. “New Brunswick’s support will accelerate our growth and help us retain and attract new and talented IT workers.”

TrustMe Security develops secure email technology needed to fulfill the explosive $3.5 billion worldwide demand for email security - a market the Radacti Group forecasts will grow to exceed $6 billion by 2010.

“Continuing to make strategic investments and cultivating partnerships like this one today will help us achieve our goal of self-sufficiency by 2026,” added Byrne.

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